Labor & Economic News Blog
Monday, March 09, 2009
U.S. Bank Rescinds Job Offers To Foreign MBAs
U.S. Bank Rescinds Job Offers To Foreign MBAsNPR audio:
The Financial Times reports that Bank of America has become the first U.S. bank to withdraw job offers to MBA students, who require a special visa known as the H1-B. The bank cites rules in the stimulus plan. Those rules prevent financial institutions that have received government money from applying for these visas if the bank has recently laid off American workers.
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